What steps has the Indian Government taken to prevent hoarding of wheat
Amid rising food inflation, the Indian Government has imposed stock limits on wheat to prevent hoarding. What are the measures announced by the government to control the prices of essential commodities?
- The Indian government has imposed stock limits on wheat to prevent hoarding. The stock limits have been imposed on traders and millers of wheat.
- The government has increased the minimum support price (MSP) of wheat to incentivize farmers to produce more wheat.
- The government has also announced plans to increase the availability of wheat in the market by releasing more stocks from the central pool.
- The government has also asked state governments to crack down on hoarders and take action against them under the Essential Commodities Act.
- The government has also announced an expansion of the National Food Security Act, which provides subsidized food grains to the poor.
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a year ago